FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight
A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week. Go to Source
Binance
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SBF claims innocence, contradicts other witnesses: Law Decoded
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court. Go to Source
Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion. Go to Source
Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether
U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas. Go to Source
FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours
According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase. Go to Source
Binance and CZ renew calls to dismiss CFTC lawsuit
Lawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the “world’s derivatives police” in its lawsuit. Go to Source
Binance shutting down European Visa debit card in December
Mastercard ended its partnership in Latin America and Bahrain with Binance in September, possibly due to the regulatory environment. Go to Source
Chamber of Digital Commerce opposes SEC’s overreach in Binance lawsuit
The Chamber of Digital Commerce asserts that the SEC employs the enforcement-based method to classify digital assets as securities and impose penalties on cryptocurrency businesses. Go to Source
Crypto exchange Binance restores euro services after new fiat partners
Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe. Go to Source
Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates
The world’s largest cryptocurrency exchange painted a somber picture of the market, with occasional bright spots for individual players. Go to Source